>> and that is it for us. we'll see you ott noon. catch fast money at noon tomorrow. it is time for "mad money" and jame cramer. >> welcome to my world. >> i always like to say, there is a bull market somewhere. >> "mad money." you cannot afford to miss it. >> welcome. i want fewer gains like today. i'm teaching and educating so call me. there is a symmetry. it takes some time to go through the spin cycle. it barely happened at all today. averages getting crushed.

s&p coming in 1.44%. nasdaq falling 0.88%. there were positive signs that were constructive enough to merit a positive construction. in the interest of explaining the prevailing pain, let's talk about what made things hideous to begin with. the stock price has been holding to the expectation as to what people thought companies would earn or thought they would say. it is about having your stock chob b clobbered. companies go higher. i'm asking. what happened if you have a company that has super duber i love you, you love me expectations and it fails and fails spectacularly? sell sell sell sell sell sell

sell sell. >> then you get the curious case of dupont. if missing earnings were an art form. dupont quarter would be a picasso. if it weren't for the lock out i would indeed throw the stanley cup. i would be giving this a high dive belly flop. dupont has noxious earnings emissions. they announce the hard results giving you a heads up. it was meonu ment sl. when a company is about to miss

projections, a company says it out to know ahead of time. that is a wikapedia entry for one you are to preannounce. earnings fall off and disappear. there were so many areas of disappointment, using everything that you see and eat that are white. management should have been able to flag the shortfall. things must be amazing away from the areas of sure disappointment. just the opposite was true. she is no longer the teflon boss. it was awful.

he talk about winners in my charitable trust. there was no indication that anything was wrong. i thought things were fabulous there. of course dupont wasn't the only brutality. after sinking like a stone today, they are up 9%. a gigantic move. i wouldn't be surprised if it is put in the bottom. want to pick one up.and then 3m shouldn't be in the same sentence.

angist calculation in which ipads weren't selling that well. i say don't trade apple, own it. all i can tell you is it crushed the stock good. pin action could have not have been more lethal. >> you might ask, with apple 3m and dupont throwing pepper juice into the bull's eye, what positives did i spy? everyone sees the market going down. i'm looking at things underneath it you may not be seeing. first google. the hideous decline last week, google stopped goes down and rallied before straining the games. on a hard day, google closed up.

i bet it continues the trend. facebook talks about the positives. and then there are the consumer names. >> let me tell you something that i don't think you know. it is not shocking that europe is bad. look, how about the consumer in america? coach? you see that? remember coach started the lapped land slide. but coach righted itself today and delivered a solid number. you know, if the market had been flat today, the stock would have been up 10%. whirlpool gave us a stand out number. harley davidson, remember the atv guy, ask yourself you might not be able to hold off from getting a new dryer or washer,

oh man, i got to get an atv. i can't get to work, i need an off-road vehicle, coach handbags, i saw them on canal street for like $9 the other day. we get terrific numbers and after the bell panera delivered a number and buffalo wild wings report which shows the report. i'm not going to tell you that these stocks can't tell the market to bottom. like dupont, and coach isn't goes to turn things around. harley can't get 3m. but i want to point out that when you get a real pasting --

you can't find anything that can buck the stretrend like coach. that is why i rated this decline as nothing like a guarded sell off. here is the bottom line. when you had higher expectations. but when stocks that led us down, you may be better off then you think or less worse off? robin florida, rob. >> booyah to you from miami beach how are you? >> very good. how are you? >> excellent. i want to know what you think in light of the recent negative articles in the "new york times." how do you see these caffinated drinks moving forward. i told my kids to switch to red

bull. it is a momentum stock. when you get a hint of the fda with a monster drink. you know what, i love this stuff. no, i think you got to be careful. i think you got to be out. >> al, in florida. >> we have miami beach, we haha miami. >> lots of volatility. what is up with that stock? >> where do you see disc drives al? they are in pc's. and people aren't using pc's. it is as shrinking market. >> mary? >> super value. i bought it at 303 and i watch your show all the time. i would like you to give me information at super value.

at $303 would you hold it? >> i need you out of it tomorrow morning. you are playing with fire. the company you have all of these stories how they make you a tender offer. please, you are lucky that it is not lower. you need to have a $3, $4, $5 stock. may i suggest it is sprint. brutal day. but a lot of it has to do with managing expectations. the companies that blew up today didn't manage it well. it is how it always feels when the market is down this badly. later on this week. i bet you we put down a buy. >> coming up. lousy count? ppg's future looks bright. cramer paints you a picture when

he talks with the ceo. and later, the market plunges and uncertainty runs rampid. it is time to take cover in the shiny stuff. on an all new edition of off the charts. plus, drug problem? pharmaceutical stock collapsed last week after the fda expressed safety concerns. can it recover or is it a prescription for pain? kramer's exclusive when the ceo is just ahead. all coming up on "mad money." don't miss a second of "mad money." follow on facebook. send jim an e-mail. or give us a call at

1-800-743-cnbc. miss something? head to our website. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. [ male announcer ] fedex office. mike rowe here at a ford tell me fiona, who's having a big tire event?

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the lesson his earnings season is not that all companies are doing terribly. that is not the light take away. you need to know where to look. giant chemical companies missed numbers in a major way. just because dupont disappointed doesn't mean that every other chemical company is doing badly. some of the positive results seem more impressive. ppg is a long time cramer fav. the big difference between ppg and dupont, they have been more aggressive about moving away and

focusing on highly added chemicals that can't be easily duplicated. they are northing with georgia gulf. that deal will complete ppg's transformation. but even though the deal hasn't happened yet, posted a five cent earnings beat off a $2.19 basis. that was because ppg took a 4% hit. they saw a healthy aerospace business. european weekend not so hot. ppg's balance sheet is strong, getting stronger. and you are getting a fantastic entry point. yet, after the mess we got from dupont, let's talk to chuck bunch about the quarter and where the company is headed.

welcome back to the show. it is great to be with you again. this was clearly today a day that demonstrated that being commodity chemicals is just not working in the world of globalization today. but your strategy, total vindication. as you know, these commodity chemical businesses can be volatile and sick la kal. we have tried to be a more specialty chemical and we believe we have done that with the georgia gulf traps action. >> what is better about a proprietary chemical company? >> typically you have good points of value creation for

your customers. these are proprietary innovations that you can add to your customers such as the arrow space companies where you are bringing corrosion protection, new desigdesigns, decoration, t are the types of things that let your customers appreciation the things that you do and they can add value for their customers and it gets a tight her relationship. you have more consistent sales and earnings and you are not as exposed to the ups and downs of the chick psyceconomic cycles tn get into. >> chuck, you also had excellent auto results. excellent, now there are companies in this country and in europe that are doing, very,

very well in the auto business. >> yes, jim, the auto motive oem business is still quite healthy. here in north america, the business has been excellent. we are seeing so far, almost 20% growth here in north america. it is a bit of a renaissance here for automotive manufacturing in north america. we are benefiting from that trend. yes, we have seen weakness in europe. the overall strength of what we have been doing or the loc localization of our capacity in the markets in china are really helping us to capitalize on what has been a solid trend here in north america. >> one of the big weaknesses in

due pot was a whitener which has been responsible for 60% of the growth in the last two quarters. you are a buyer of titanium dioxide. i presume that dupont's woes could be good for your company. and still, year over year in the third quarter here in 2012, the prices for tio 2 in north america are higher that be they were a year ago. that trend has changed during 2012 we have seen some declines, prices are still higher than they were last year, but we are getting moderation in this chemical commodity that is an in perform component in our

formulations and we think this would be a help for us going forward as we no longer have to engage in these aggressive measures to reduce the impact of this inflation in our raw material cost picture. >> one last question, when you are doing the deal with georgia gulf, people can tender their ppg stock. if you are a holder of ppg, would you tender? >> right now. i would encourage all of your long-term share how oholders to with ppg. this has been a great story for them and forrous. but this is still an excellent opportunity to acquire georgia gulf shares. we k the combination of our business with georgia gulf is going to be a good when win for

both companies. georgia gulf is going to be a good commodity player exposed t player on the pvc side. we think it will be a good transaction and we think the prospects for both companies are good. this should be an excellent value creator for us. >> it is nice to have something to bust the dplodploom gloom of today. >> totally delivered not everybody had a tough quarter. they had a good one. >> coming up midas touch? the market plunges. is now the time for investors to

take cover in the chaining stock. cramer sees if gold paves the way to profits. and later, drug problem? stock collapsed last week after the fda expressed safety concerns over it's experimental treatment. can it recover or is it a prescription for pain? cramer's exvieclusive is just ahead.

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after another brutal day at the office, that is not a reason to sell everything. that might be a reason to do some buying. you know what has worked? gold yeah, gold is a hard asset. when countries are basing their currencies, it retains it's value. you must have dpoeld gold in yo portfolio. i don't like the stocks as much, but they have been hot, too. it feels like the shiny stuff is being pounded along with everything else. on this day, i have good news. there are signs that dpoeld

cou gold is about to make a move higher. ceo at optionpit.com. the key to the these sis is a little known indicator know the gvc. the george victor seebra. we have talked about it before. but look at this chart about how it works. when traders are worried about the market, the vicks will rally. you get the market going down. on the other hand when traders

are more confident about the rally, the numbers fall. pretty good proxy for the stock market. there is also a index for gold. gvz measures the fear about dpoegold prices. last wednesday the index closed at it's lowest level since the exchange began listing options on the god. i didn't. the lowest level it is at five plus year lows. it has crept back up but it is

still at low levels. this is an astonishing chart. traders aren't worried about dpoeld. wh we tend to see big moves, huge moves in the god. look at these, every time. look at this. sebastian has noticed, it has moved pretty darn hard. it is not a coin toss whether it is up or down. in almost every case where the up or down has made a low, it has happened this year. and then again with the rally since august, out of all of these six times where the gold vicks made a low, the only time it went down was in may. what does this say?

when we see the dpoeld mgold mi extreme lows, that move is far, far, far more likely to be a rally than a sell off. that makes pretty good odds. i will take five out of six. it was at the extreme of extreme lows. check out this chart of the god going back to the beginning of the year. gold is now at a six-week low. that is in part because of the sell off. sebastian, he sees the gld making a run at $180 in a move that is totally contrary to

anything that i heard today, yesterday or friday. based on what is happening with the gold. he thinks that it could o outperform what it did in august. you need something safe that you can circle the wagons around. based on the action, and there is a five out of six chance that the direction of this move will be higher. you know me. i'm a huge delivbeliever in gol. i feel like it is just the nudge we need to get you to buy gold into his weakness. g if ginnie in california >> this is ginnie from california calling from

california and my partner knows it and he is okay with it. >> thank you so much. >> you have put me through fipgs al school and i have followed you since i took over my own accounts in 08 and i would not have been able to do what i've done. >> thank you for subscribing to action alerts. how can i help? >> okay. as an action alerts member i have followed you into many stocks. le the one i'm calling about today is one i bought now you don't mention it anymore. am i wrong about staying in iau? >> you are right. you are in great shape with

that. i think that is about to rally. it has been doing nothing for a while. i thank you for watching the show and those kind words. you made my day. jeff in new jersey. >> hi jim. >> jeff? >> i'm with bonds for you. i just sold am at a profit and i'm looking inin ining at gold. what are your thoughts. >> i get the charts delivered to my door. i have no other life and it is clearly breaking out. i'm reluctant to tell you to transfer to barik. but the gld will be supreme. it is so right here. you know i like dpoegold as par

every portfolio. and dismal days like this one are a great reminder are how the sharts are going higher. don't move it is going up. i don't spend money on gasoline. i am probably going to the gas station

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it is time for the lightening round. and then the lightening round is over. are you ready? dale in illinois. dale? >> mr. cramer. what's up? >> northern illinois university husky football booyah. >> love the program what's up? >> we are 7 and 1 and should be ranked nobody pays attention. >> no, we do. we go through -- go ahead. >> all right i've got a stock that has an uphill battle. high beta. it was down 6%. earnings report did not help. ak steel. >> no, man, come op.

sell sell sell sell sell sell sell sell you are in the majors let's go john in new hampshire. >> john cramer let's get a big booyah from the yp university o new hampshire. what are your thoughts on omni vision technology. >> sell sell sell sell sell sell sell you don't want to be in that. >> john in missouri john? >> price wars in that industry. how about enterprise product partners. >> booyah from michigan. >> i'm with that what's up? >> awesome. lo? >> i hate to endorse smokie ini stock. >> i want to be a buyer.

>> russell in california. >> short and long-term. this is a great investment why? because it is a play on paper to plastic. going around the world. bill in virginia bill. >> texas capitol bank shares tcbi. >> don't know it. got to go do some work. i don't have the answer. let's go to carole in florida. >> my name is carole and i want to know, should i buy or should i sell. >> sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell. >> nothing proprietary there. wow, that is the kitchen sink. >> let's go to thomas in florida. >> wallgreens. i'm now starting to become a believer. i know that the numbers weren't that good. i was in my wallgreens yesterday

and it looks real good. let's go to bob in new jersey. robert speak to me. >> big booyah to you jim. >> my stock is osur. >> i'm surprise thad this stock is not doing better because they have that aids test in the stores. i need to go to adam in florida. >> jim hban. >> yes, that is a regional bank that is doing everything right. may i add that the banks that hold up better than most. not included. and that is the conclusion of the lightening round. >> coming up, drug problem? the stock collapsed last week

after the fda expressed safety concerns. can it recover or is it a prescription for pain. just ahead. this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. which isn't rocket science. anncr: every president inherits few have faced so many. four years later... our enemies have been brought to justice. our heroes are coming home. assembly lines are humming again. there are still challenges to meet. children to educate.

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it is worth remembering that the stock market has a habit of over reacting to something. we see it would individual stocks. i want to talk about a stock that went onto get visrated over the last week. i'm referring to isis.

it caused high levels of ldl cholesterol in children. i decided to recommend isis because it had a better risk or reward. i when youply the fda roulette to times you lose and some would say i blew it. the drug only not a thumbs up. the stock got hammered and part because of the safety issues seem to be coming out of the b

ll blue before the data went to the panel. they create a problem. that is why i want to give isis the chance to explain. they don't duck it either. let's talk the founder and chairman of isis pharmaceuticals. let's play it by the book. your drug panel had reservations about your drug than the other company's. why would someone take your drug over that one. >> let's deal with the questions that caused the confusion. i think in the meeting, it was clear that there is absolutely no cancer signal in the clinic.

the lab that did the studies were 100% correct. so, i think that got tremendously blown out of proportion. the liver worries, they did seem cogent to the analysis of the 96 vote. if you look at the liver, compare it to limidibi eef ixli liver fat is lower and less severe. i think it got out of kilter. both drugs are going to be used and bring great value. who would pick your drug over the other drug? what would be the reason they would tell a patient to prescribe your drug?

>> since we did the trials, there were opportunities to ask questions of our data that were not available. the people who were describes these drugs were the li pfpid experts. there have been 10 or 15 independent reviews of the drug. all positive. our drug will be used because it lowers all bad cholesterol and it will be well tolerated and it has a low dose regimen. you don't have to put patients on a fat-free diet. obviously you would think that panel would have been more -- instead, you may disagree, some panels provided multiple reasons

why they voted no. i would think that those people don't understand the greatness. i think that is probably true. i think when you are in one of these panels as you know, they influencethings. i think the important thing is to look at the data and understand the quality of the work that we did. this drug works. the news that we reported on that drug is great. >> okay, well how about the investors who are telling me they knew things. and they withheld them. nothing could be further from the truth. we have been more forthcoming. and we said, that the

carcenogenic studies were -- that conducted the study. >> and these are being done with two of my favorite companies. >> listen -- >> right they are on your team? >> we presented the facts. we stand by the facts and we believe that anyone who watched the panel, understood that there was a question of in interpretation not a question of fact or data and those data came from a very complicated set of studies where there are always lots of findings. there is no reason to think that it is now going to be found? >> absolutely not. canambro we showed doesn't produce those tumors. there were two other drugs

discussed who had studies that the people who did the study concluded that there were findings that were relevant. >> fair enough. that is dr. stanley crook. he is giving you his side of the story versus what a lot of wallstreet research said. which is not an affirmation of how good it is. stay with us. this is america.

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is. the global economy must be weaker than we think or oil would be going higher. if oil goes lower we should sell stocks. no amount of tax cutting is going to help small business is much as the declining tax cutting.

we should be singing hallelujah when the price comes down. no common sense. further one of the more important errors in governor romneys is the price of fast. the only way to do that is to give opec a run for his money. that is another positive. finally, the royal oil related make up part of the s&p. come on, that is crazy. the opposite is true. right? it is silly. the stock market should be going up not done. here is the silver lining to lower oil prices. there is the freak out. we are on day two or three and

get a recognition on how positive this is. if oil goes down to $80 we have number that is have come down due to revenue weakness. this is what we see and happen many times before. the good news in the oil decline awaits us. we have to get through the doom and gloom first. >> build your future. >> thank you for what the money translates into in my case a college ithcation for my son. >> thank you for your passion for stocks. >> "mad money" does work. >> you are making me money for college. i love you. >> how many other shows have kids calling in and saying booyah. ... what should we invest in? maybe new buildings?

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wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners.